Question waiting for an Answer !

Question waiting for an Answer !

A thought provoking column from one of your regular columnist and a senior distinguished bureaucrat. The answer is obvious, but like the Roman citizen nobody wants to say the King is naked. If a Senior bureaucrat after so many years of distinguished service to the country is still waiting for an answer what will poor soul like us will do?

The reform process has not even approached the bureaucracy leave alone prepare a plan for changing the organisation and its people. Enough proof is available to all, on the capabilities of our entrepreneurs from the airlines and telecom sector. Scientists & technocrats of Indian origin, have made startling inventions and contributions which have been acknowledged world over. Some of these individuals have studied in India, but have been lured to the foreign shores by the ease with which they can pursue their passions abroad.

Even now it is not late. Let us encourage Venture capitalists to move in instead of hedge funds. They should be allowed to come in and move out freely and allowed to encash their inventions as is done in the valley. The risks which these venture capitalists bring in is negative compared to the chaos which the hedge fund operators and fair weather friends bring in.

If enough seed capital is there to pursue individual's passion I am sure the day is not faraway when we can boast of some radical inventions. We need to reinforce these efforts through greater autonomy for higher institutions, tax subsidies and inverted duties etc.

Let us think out of box and still not grapple with the question.